SUPPLEMENTAL BALANCE SHEET AND CASH FLOW INFORMATION

9 Months Ended

Sep. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

SUPPLEMENTAL BALANCE SHEET AND CASH FLOW INFORMATION

SUPPLEMENTAL BALANCE SHEET AND CASH FLOW INFORMATION

$ in thousands	September 30, 2023		December 31, 2022
Prepaid expenses:
Electric deposits	$	3,500	$	1,400
Prepaid insurance	3,798		3,822
Other	719		1,044
Total	$	8,017	$	6,266
Accrued expenses:
Accrued interest	$	1,530	$	1,741
Accrued compensation	2,164		1,535
Accrued non-income taxes	1,371		1,932
Other	2,951		6,119
Total	$	8,016	$	11,327

Greenidge had the following noncash investing and financing activities:

	Nine Months Ended September 30,
$ in thousands	2023		2022
Property and equipment purchases in accounts payable	$	1,581	$	2,501
Common stock issued for amendment fee to lender	$	1,000	$	—
Exchange of assets for reduction in debt	$	49,950	$	—
Exchange of coupons for reduction in debt	$	1,152	$	—
Exchange of equipment deposits for reduction in debt	$	7,381	$	—
Accrued interest added to debt principal	$	592	$	—

Under the contract with its hosting provider, Greenidge is required to maintain cash in a restricted account sufficient to cover earned but unpaid hosting services. At September 30, 2023, this account had $1.2 million of cash designated for payment of such services.